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Fund Times

Janus Worldwide's Manager Leaving After Just One Year

The fund will be run by an interim manager as Janus looks for a replacement.

May 7, 2010

Janus announced today that Laurent Saltiel, who took over the management of Janus Worldwide in April 2009 and has delivered excellent results at Janus International Equity since its November 2006 inception, is leaving the firm at the end of May. Saltiel is heading to AllianceBernstein to head up a global team.

Effective immediately, Brent Lynn of Janus Overseas (JAOSX) will take the helm of Worldwide (as well as Saltiel's other charge) on an interim basis until a permanent replacement is found. Jonathan Coleman, Janus' co-chief investment officer, says the firm will search for candidates both externally and within the firm.

Lynn will be assisted on Worldwide by Tony Yao and Julian McManus, who have been assistant portfolio managers to Saltiel. Don't expect more than modest changes to the portfolio for now: Lynn, who has used a bold strategy to great effect on Overseas, will retain Saltiel's emphasis on relatively more stable firms at Worldwide. Indeed, he may add a few large, more liquid stocks to the portfolio and trim its emerging-markets weighting. Saltiel is staying on with the firm for the rest of the month to help with the transition.

Look for an updated Morningstar analysis of the fund later today.

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